Delaware recently enacted legislation that will make substantial changes to how arbitration of business disputes may be conducted. The Delaware Rapid Arbitration Act (the “DRAA”), 10 Del. C. Ch. 58, addresses the major issues currently occurring in how business disputes are arbitrated and provides a fast, economical arbitration process. This article explains the DRAA.
June 9, 2015
Edward M. McNally and Joseph R. Slights, III
Metropolitan Corporate Counsel